National Competitors
| NGG Stock | USD 85.07 0.39 0.46% |
National Grid vs Entergy Correlation
Significant diversification
The correlation between National Grid PLC and ETR is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Grid PLC and ETR in the same portfolio, assuming nothing else is changed.
Moving together with National Stock
Moving against National Stock
The current Return On Tangible Assets is estimated to decrease to 0.03. The current Return On Capital Employed is estimated to decrease to 0.06. At this time, National Grid's Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The National Grid's current Other Current Assets is estimated to increase to about 3.7 B, while Return On Tangible Assets are projected to decrease to 0.03.National Grid Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between National Grid and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of National and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of National Grid PLC does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between National Stock performing well and National Grid Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze National Grid's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AEP | 0.80 | 0.04 | 0.00 | 0.41 | 0.91 | 1.73 | 8.71 | |||
| DUK | 0.66 | (0.07) | 0.00 | 7.46 | 0.00 | 1.24 | 4.59 | |||
| D | 0.93 | 0.01 | (0.03) | (0.33) | 1.32 | 1.63 | 5.71 | |||
| EXC | 0.83 | (0.07) | 0.00 | 0.43 | 0.00 | 1.26 | 4.76 | |||
| XEL | 0.79 | (0.09) | 0.00 | (0.53) | 0.00 | 1.27 | 5.29 | |||
| SO | 0.75 | (0.11) | 0.00 | (0.81) | 0.00 | 1.10 | 4.07 | |||
| ED | 0.87 | 0.11 | 0.04 | (0.30) | 1.04 | 1.58 | 4.62 | |||
| PEG | 0.80 | (0.02) | 0.00 | (0.14) | 0.00 | 1.61 | 5.52 | |||
| ETR | 0.87 | (0.03) | (0.04) | 0.00 | 1.22 | 1.70 | 4.90 |
Cross Equities Net Income Analysis
Compare National Grid PLC and related stocks such as American Electric Power, Duke Energy, and Dominion Energy Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AEP | 485 M | 1.9 B | 1.3 B | 1.5 B | 1.6 B | 2 B | 610.9 M | 1.9 B | 1.9 B | 1.9 B | 2.2 B | 2.5 B | 2.3 B | 2.2 B | 3 B | 3.4 B | 3.6 B |
| DUK | 437.6 M | 1.7 B | 1.8 B | 2.7 B | 2.8 B | 2.9 B | 2.7 B | 3.1 B | 2.7 B | 3.7 B | 1.4 B | 3.6 B | 2.5 B | 4.3 B | 4.5 B | 5.2 B | 5.4 B |
| D | 319.8 M | 1.4 B | 302 M | 1.7 B | 1.3 B | 1.9 B | 2.1 B | 3 B | 2.4 B | 1.4 B | (401 M) | 3.4 B | 1.3 B | 2 B | 2.1 B | 2.4 B | 1.2 B |
| EXC | 525.3 M | 2.5 B | 1.2 B | 1.7 B | 1.6 B | 2.3 B | 1.1 B | 3.8 B | 2 B | 2.9 B | 2 B | 1.7 B | 2.2 B | 2.3 B | 2.5 B | 2.8 B | 1.5 B |
| XEL | 197.7 M | 841.2 M | 905.2 M | 948.2 M | 1 B | 984.5 M | 1.1 B | 1.1 B | 1.3 B | 1.4 B | 1.5 B | 1.6 B | 1.7 B | 1.8 B | 1.9 B | 2.2 B | 2.3 B |
| SO | 829.6 M | 2.3 B | 2.4 B | 1.7 B | 2 B | 2.4 B | 2.5 B | 880 M | 2.2 B | 4.8 B | 3.1 B | 2.4 B | 3.5 B | 4 B | 4.4 B | 5.1 B | 5.3 B |
| ED | 563.7 M | 1.1 B | 1.1 B | 1.1 B | 1.1 B | 1.2 B | 1.2 B | 1.5 B | 1.4 B | 1.3 B | 1.1 B | 1.3 B | 1.7 B | 2.5 B | 1.8 B | 2.1 B | 2.2 B |
| PEG | 544.6 M | 1.5 B | 1.3 B | 1.2 B | 1.5 B | 1.7 B | 887 M | 1.6 B | 1.4 B | 1.7 B | 1.9 B | (648 M) | 1 B | 2.6 B | 1.8 B | 2 B | 1 B |
| ETR | 401 M | 1.4 B | 868.4 M | 730.6 M | 960.3 M | (156.7 M) | (564.5 M) | 425.4 M | 862.6 M | 1.3 B | 1.4 B | 1.1 B | 1.1 B | 2.4 B | 1.1 B | 1.2 B | 818 M |
National Grid PLC and related stocks such as American Electric Power, Duke Energy, and Dominion Energy Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in National Grid PLC financial statement analysis. It represents the amount of money remaining after all of National Grid PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.National Grid Competitive Analysis
The better you understand National Grid competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, National Grid's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across National Grid's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
National Grid Competition Performance Charts
Five steps to successful analysis of National Grid Competition
National Grid's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by National Grid PLC in relation to its competition. National Grid's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of National Grid in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact National Grid's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to National Grid PLC, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Can Multi-Utilities industry sustain growth momentum? Does National have expansion opportunities? Factors like these will boost the valuation of National Grid. Anticipated expansion of National directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating National Grid demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.12) | Dividend Share 0.472 | Earnings Share 4.13 | Revenue Per Share | Quarterly Revenue Growth (0.11) |
Investors evaluate National Grid PLC using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating National Grid's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause National Grid's market price to deviate significantly from intrinsic value.
It's important to distinguish between National Grid's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding National Grid should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, National Grid's market price signifies the transaction level at which participants voluntarily complete trades.